The convergence of cost alongside regulatory and technological pressures has led banks to reassess their securities processing operations.
Accenture Post-Trade Processing (APTP) is setting a new industry standard for efficiency and quality of service in post-trade processing. APTP in collaboration between Accenture (one of its technology partners) and SmartStream, will transform the way banks approach post-trade processing particularly for securities asset classes.
The new solution is set up to mutualise activities and costs from multiple institutions and adopts an innovative, streamlined operating model. It will help banks:
- Reduce post-trade processing costs.
- Adapt to new regulations and technology.
- Rapidly launch new products.
- Swiftly enter new markets.
APTP combines Accenture’s global business process outsourcing capabilities and global capital markets industry expertise with SmartStream’s leading post-trade processing and technology services that support reconciliations, reference data, exception management and corporate actions processing.
Societe Generale Corporate & Investment Banking is the first client of the recently launched APTP solution. It will be used to optimise and manage the bank’s back-office securities processing.